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Sometimes a deal’s harshest criticism is its best defense. Such is the case for chipmaker Nvidia’s attempt to buy Arm, an acquisition the U.S. Federal Trade Commission is now suing to block. The inflating price of the largely stock-based deal has significantly undermined the financial logic . The regulator’s lawsuit, however, provides a useful reminder of the strategic rationale for owning the so-called Switzerland of semiconductors. ....
The U.S. Federal Trade Commission on Thursday sued to block U.S. chip company Nvidia Corp's more than $80 billion planned acquisition of British chip technology provider Arm, adding to already significant global regulatory challenges of the deal. ....
The Australian competition regulator lambasted U.S. carmaker General Motors' local unit over its abrupt withdrawal from the market last year, but opted to take no formal legal action against it, the regulator said on Friday. ....
The U.S. Justice Department said on Tuesday it has filed an antitrust lawsuit aimed at blocking U.S. Sugar Corp from buying rival Imperial Sugar Co (LOUDRI.UL), a deal the government said could drive up the price of sugar for households as well as food and drink makers. ....
Amazon.com Inc has asked India's Supreme Court to pause an expedited review of allegations that the U.S. firm concealed information while seeking antitrust clearance for a 2019 deal with India's Future Group, legal papers seen by Reuters showed. ....